CPT vs JRS: Correlation
Measured on weekly returns over the past three years, Camden Property Trust (CPT) and Nuveen Real Estate Income Fund (JRS) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and JRS?
On 3 years of weekly data the CPT/JRS correlation comes out at 0.73, strong. The link has loosened recently: the 1-year correlation (0.61) runs below the 3-year figure (0.73). The 5-year figure is 0.75, and annualized covariance runs at 328.6 %².
By 3-year correlation, JRS places #9 of the 33 assets tracked against CPT. On 12-month performance JRS holds a 14.8-point edge, -0.4% against +14.4%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CPT vs JRS: side by side
| CPT (Camden Property Trust) | JRS (Nuveen Real Estate Income Fund) | |
|---|---|---|
| 1-year return | -0.4% | +14.4% |
| 5-year return | -15.4% | +13.5% |
| Volatility (ann.) | 21.3% | 21.1% |
| Beta vs S&P 500 | 0.55 | 0.79 |
| Max drawdown (3Y) | -21.7% | -25.3% |
| Market cap | $12.2B | – |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 8.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | JRS |
|---|---|---|
| 2022 | -35.6% | -35.6% |
| 2023 | -7.6% | +13.4% |
| 2024 | +21.3% | +19.7% |
| 2025 | -1.5% | -3.4% |
| 2026 | -2.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and JRS good diversifiers for each other?
Only partially. A correlation of 0.73 means CPT and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CPT and JRS?
As of 2026-08-27, the correlation of weekly returns between CPT and JRS is 0.73 over 3 years, 0.61 over 1 year and 0.75 over 5 years.
Is JRS a good diversifier for CPT?
Only partially. A correlation of 0.73 means CPT and JRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpt-vs-jrs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-jrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · JRS correlations
